Federated Hermes Inc. Raises Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Federated Hermes Inc. lifted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 424,211 shares of the company’s stock after buying an additional 7,886 shares during the period. Federated Hermes Inc. owned about 0.42% of Hamilton Insurance Group worth $8,073,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HG. Charles Schwab Investment Management Inc. lifted its stake in Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after acquiring an additional 70,732 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Hamilton Insurance Group during the third quarter valued at about $270,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hamilton Insurance Group by 138.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,171 shares of the company’s stock valued at $758,000 after purchasing an additional 22,713 shares in the last quarter. HighTower Advisors LLC purchased a new position in Hamilton Insurance Group during the third quarter worth about $380,000. Finally, Janus Henderson Group PLC bought a new stake in Hamilton Insurance Group in the 3rd quarter worth about $211,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $17.69 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $19.63 and its 200 day simple moving average is $19.03. Hamilton Insurance Group, Ltd. has a 12 month low of $12.56 and a 12 month high of $21.68. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 3.96 and a beta of 0.47.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the transaction, the chief executive officer now owns 199,923 shares of the company’s stock, valued at $4,198,383. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.60.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.